5,558 Shares of Ryman Hospitality Properties, Inc. $RHP Bought by Iams Wealth Management LLC

Iams Wealth Management LLC purchased a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,558 shares of the real estate investment trust’s stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC acquired a new stake in Ryman Hospitality Properties in the second quarter valued at $3,541,000. BlackRock Inc. purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth about $1,438,737,000. Wellington Management Group LLP purchased a new stake in Ryman Hospitality Properties during the 2nd quarter worth about $24,658,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth about $60,655,000. Finally, Reinhart Partners LLC. boosted its position in shares of Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust’s stock worth $91,386,000 after acquiring an additional 11,766 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RHP shares. Raymond James Financial raised their target price on Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. boosted their target price on Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald upped their price target on Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $132.42.

Ryman Hospitality Properties Price Performance

Shares of NYSE:RHP opened at $125.42 on Friday. The company’s fifty day moving average price is $123.40 and its 200 day moving average price is $118.49. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $137.46. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $7.92 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.88 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm had revenue of $748.98 million during the quarter, compared to analysts’ expectations of $734.59 million. During the same period in the previous year, the company earned $2.35 earnings per share. Ryman Hospitality Properties’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, sell-side analysts predict that Ryman Hospitality Properties, Inc. will post 9.23 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties’s payout ratio is presently 117.36%.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality lodging and entertainment assets. The company’s portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman’s flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.